Boeing (BA) Offering Possible 23.92% Return Over the Next 29 Calendar Days

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Boeing’s most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $220.00 short put and a strike $210.00 long put offers a potential 23.92% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $220.00 by expiration. The full premium credit of $1.93 would be kept by the premium seller. The risk of $8.07 would be incurred if the stock dropped below the $210.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Boeing is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Boeing is bullish.

The RSI indicator is at 68.58 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

Virginia Tech’s Alexandria campus secures huge gift from Northrop Grumman
Wed, 17 Nov 2021 11:00:00 +0000
Northrop Grumman Corp. (NYSE: NOC), the Falls Church-based global aerospace and defense giant, will donate $12.5 million to Virginia Tech to support a new quantum research center at its new Alexandria graduate campus. The Blacksburg university will invest another $15.8 million to create the Center of Quantum Architecture and Software Development at the innovation campus, seizing on the pursuit of quantum technology that has the potential to revolutionize information technology and research across multiple industrial sectors, the school announced Wednesday. Lance Collins, vice president and executive director of the innovation campus, said the gift accelerates the university’s focus on quantum information science, specifically in the area of software development, to support more powerful computing and the secure networks to support it.

Boeing lands 20 freighter orders, plans new conversion lines in UK, Canada
Wed, 17 Nov 2021 07:39:20 +0000
While the conversion activity is a positive sign for Boeing, the deals are “not a substitute for aircraft orders,” an analyst says.

Dubai’s Emirates airline mulls IPO; Boeing notches $9 billion 737 Max sale
Wed, 17 Nov 2021 04:14:00 +0000
The president of long-haul carrier Emirates said Tuesday that an initial public offering of stock in the Dubai-based airline could happen as the city-state tries to boost its local financial market, while promising that its fleet of iconic double-decker jumbo jets would soon ply the skies again.

India’s SpiceJet, Boeing settle 737 MAX-related claims
Wed, 17 Nov 2021 03:58:49 +0000
Indian budget airline SpiceJet said on Wednesday U.S. planemaker Boeing had agreed to settle the outstanding claims related to the grounding of its 737 MAX aircraft. The announcement from the country’s second-largest airline comes a day after billionaire investor Rakesh Jhunjhunwala-backed Akasa Air placed an order for 72 Boeing 737 MAX jets valued at nearly $9 billion at list prices. “Boeing has agreed to provide certain accommodations and settle the outstanding claims related to the grounding of 737 MAX aircraft and its return to service,” SpiceJet said in a filing to the domestic stock exchanges.

UPDATE 1-India’s SpiceJet, Boeing settle 737 MAX-related claims
Wed, 17 Nov 2021 03:56:47 +0000
Indian budget airline SpiceJet said on Wednesday U.S. planemaker Boeing had agreed to settle the outstanding claims related to the grounding of its 737 MAX aircraft. The announcement from the country’s second-largest airline comes a day after billionaire investor Rakesh Jhunjhunwala-backed Akasa Air placed an order for 72 Boeing 737 MAX jets valued at nearly $9 billion at list prices. “Boeing has agreed to provide certain accommodations and settle the outstanding claims related to the grounding of 737 MAX aircraft and its return to service,” SpiceJet said in a filing https://refini.tv/3qHrOx1 to the domestic stock exchanges.

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